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Firm to replace losses in state retirement fund

...those in the Supplemental Benefit System, in varying amounts. State Street Global Advisors touted the Daily Corporate/ Government Bond fund as an ultra-safe investment that was intended to track a market index and only invest in low-risk...

http://www.juneauempire.com/stories/010808/sta_20080108016.shtml
News
State works to recover retirement funds

...commissioner of the Department of Revenue. State Department of Revenue officials say State Street's Daily Corporate/Government Bond Fund was billed as an especially safe investment option, but the company instead went for risky investments...

http://www.juneauempire.com/stories/120207/sta_20071202018.shtml
News
State workers lose millions to bond fund

...instead plunged dramatically lower than the index. While the index rose 3 percent so far this year, the Daily Corporate/Government Bond Fund fell 18 percent, Burnett said. If State Street's managers were investing in something other than what...

http://www.juneauempire.com/stories/100907/sta_20071009006.shtml
News
Critics: State retirement plan was too risky

...that out, and replace it with another investment selection," Stedman said. State Street Corp.'s Daily Corporate/Government Bond Fund fell dramatically in August, while the index it was designed to track rose slightly, said Brian Andrews...

http://www.juneauempire.com/stories/101007/loc_20071010017.shtml
News
State should cover retirement losses, Sen. Elton says

...Management Board held an emergency meeting in August to pull state employees' money out of the State Street Daily Corporate/Government Bond Fund, one of the choices in its Supplemental Benefit System plan, and a choice in the new defined contribution...

http://www.juneauempire.com/stories/103107/sta_20071031008.shtml
News
State keeps quiet about victory in settlement

...Alaska was among the first entities to pull its members' money out of the State Street Global Advisors Daily Corporate/Government Bond Fund when it began posting returns different from the bond index it was supposed to track in August. Revenue...

http://www.juneauempire.com/stories/012908/sta_241684758.shtml
Permanent Fund gives State Street the boot

...Retirement Management Board. Alaska was only one of many retirement funds which lost money in State Street's Daily Corporate/Government Bond Fund. The fund, which was billed as a conservative investment option, instead made risky bets involving...

http://www.juneauempire.com/stories/030908/sta_255333592.shtml
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